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Following are the most popular promotions that are in offer on Citi Cashback credit cards:
Looking for the ideal cashback credit card in Singapore. Well, credit cards come with a clutch of different features, with cashbacks and reward points being the most prominent benefits. When it comes to cashback cards, there are some cards that give you rebates on movies and entertainment, while there are some others that offer you cashbacks on dining, travel and shopping.
The Citi Cashback MasterCard Credit Card is one such card that is associated with cashbacks on a variety of spends. Known to be one of the most popular cashback cards, the Cashback MasterCard credit card from Citi offers you with excellent discounts (in the form of cashbacks) on dining, groceries, fuel purchases and more.
Let’s take a look at some noteworthy features and benefits of the card. We also look at the fees and charges, and other details that are essential.
Below are the most prominent features of the Citi Cashback MasterCard Credit Card:
Let’s take a look at the most prominent benefits associated with the Citi Cashback MasterCard Credit Card:
The Citi Cashback MasterCard Credit Card lets you convert big-ticket purchases into instalment payment options. You can choose to repay in instalments stretching from 3 months to 24 months. Depending on the size of your purchase, you can accordingly pay in easy, monthly instalments. You can also convert your outstanding credit card balance into monthly payment options and gradually get rid of the debt burden.
|Annual Card Fee||S$192.60|
|Annual Rate of Interest||26% p.a.|
|Cash Advance fee||6% of outstanding amount|
|Interest in cash advances||26.9% p.a.|
The Citi Cashback MasterCard Credit Card lets you perform overseas transactions. These transactions are charged an administrative fee and a currency conversion fee. The currency conversion fee is levied by the respective card association – in this case, the card association is MasterCard. A 1% currency conversion fee (1% of the transaction) will be levied by MasterCard, and an additional 2.5% administrative fee will be charged by Citibank.
All foreign currency transactions will first be converted into USD before being converted to SGD and charged. Conversions are made from the overseas currency to the USD and from USD to SGD at existing inter-bank exchange rates.
You can use your credit card to make cash withdrawals. Cash withdrawals will be charged an interest of 26.9% (levied at a compounding rate on an everyday basis) along with an additional charge known as the cash advance handling charge, equivalent to 6% of the amount withdrawn.
If you wish to apply for the Citi Cashback MasterCard credit card, you need to visit the official Citibank Singapore website and fill out the application form available online. You will also need to submit your supporting documents that include proof of income, identity and residence, following which an executive from Citibank will get in touch with you to help you complete the remainder of your application form. Once this is done, your application will be processed and reviewed. If all goes well, you will receive your credit card in about 7 to 10 business days.
If you’ve lost your credit card or your card has been stolen, you must immediately contact the Citibank Credit Card hotline and inform the bank about the loss/theft of your card. You will also need to verify your identity details – your date of birth and other relevant information. Also, to authenticate your identity, the representative will ask you to provide details of your credit card and the most recent transactions performed using your card. Once they clarify and confirm your identity, your credit card will be blocked and no further transactions can take place on the card.
If any unauthorised transactions have taken place, the bank will investigate the sequence of events and you will be charged a huge penalty if you’ve acted fraudulently or in gross negligence.